INSUBCONTINENT EXCLUSIVE:
Group economic advisor of the State Bank of India (SBI), Soumya Kanti Ghosh said that any sudden appreciation or depreciation of the rupee
was not good as it adds volatility in the market
Speaking to reporters on the sidelines of an ICC seminar here today, Ghosh said that the rupee had experienced an orderly depreciation as it
moved from Rs 64 to a dollar to Rs 70 over a span of five to six months
quarter it was expected to be 7.7 percent in the first quarter and 7.5 per cent for the full fiscal
On dual control of public sector banks (PSBs) by RBI and the government, he said "the apex bank has enough powers to control them
PSBs are subject to more audits than private banks"
Governance of any bank is ownership neutral, he said
edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
